if the price is too low, wont the listing attract attention, cause people to bid about what they want to pay.
if the price is too high, wont people think, huh, let me throw a lower offer out there, see what happens.
i mean, is precise pricing really that important? if it is, then why not go lower than one thinks, just to draw attention and let the free market sort it out…
?
seriously would liek to know. theres a house i ride my bike by that was recently ont he market for 600, no seller, then they took it off market, now its over a million.not sure what theyre thinking..[/quote]
Very good question(s). When I listed my property I was well within comps although slightly (5k) higher than the zillow zestimate.
I thought the same thing you did: why not just make an offer. But there was very little traffic.
In general I think pricing needs to be low enough to attract, but high enough to optimize profit. It’s not that easy…you really need to research the comps IMO.
That’s what my realtor failed to do – it was laziness IMO.
